Stoic-Trader

XRP - Still expect another lower low

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BINANCE:XRPUSD   リップル/米ドル
After 3 months of sideways price action, XRP bulls seem to be trying a breakout attempt, breaking above the gray descending trendline.

I´m not convinced we have a low yet. For a trend to finish, we normally have RSI divergence and a liquidation candle with volume.

RSI divergence is absent, and we could argue that June 13th´s weekly candle has volume, but I´m not a buyer until we see more solid bullish price action.

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